In insurance, the term "maximum benefit" denotes the sum insured by a policy. It indicates the maximum amount of money which an insurer will pay out for a claim.
When the cost of a covered loss is higher than the maximum benefit, only the portion of the cost covered by the sum insured is paid out by the insurance company.
See also:
Sum insured
More on this topic:
Insurance calculator
moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 100 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.
Advertisement
moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom.
